Other things being equal, when changes in technology cause some industries to decline and other industries to expand the result is
A) a decrease in cyclical unemployment.
B) an increase in NAIRU.
C) an increase in structural unemployment.
D) an increase in frictional unemployment.
E) a decrease in NAIRU.
Correct Answer:
Verified
Q52: The economy in the diagram below begins
Q53: The main difference between New Classical and
Q54: The labour market in the diagram below
Q55: The theory of "efficiency wages" suggests that
Q56: When aggregate output is greater than potential
Q58: The total amount of unemployment in the
Q59: The table below shows real GDP, potential
Q60: If, as the New Classical theories suggest,
Q61: Which statement by an employer is consistent
Q62: If the actual unemployment rate is one
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents